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Head of Nigeria’s legislature comes under probe in Seychelles-Report

Authorities in Seychelles have opened a criminal investigation into the multi-million dollar assets which Senate President Bukola Saraki and his wife, Toyin, are believed to hold through offshore shell companies in tax havens, PREMIUM TIMES can report

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Authorities in Seychelles have opened a criminal investigation into the multi-million dollar assets which Senate President Bukola Saraki and his wife, Toyin, are believed to hold through offshore shell companies in tax havens, PREMIUM TIMES can report.

Bukola and Toyin Saraki are being targeted by financial intelligence operatives for their “suspicious” use of offshore shell companies as uncovered in the Panama Papers investigation published in 2016, according to new records obtained by the International Consortium of Investigative Journalists and shared with PREMIUM TIMES and other partners.

Investigators at the Seychelles Financial Intelligence Unit said they are interested in determining whether or not Mrs Saraki stood as a front for her husband in the ownership of some of the offshore holdings linked to the family when a trove of offshore assets managed by Panamanian law firm, Mossack Fonseca, was leaked to the media.
The investigators are also working to determine if the transactions undertaken with the shell companies were used to launder funds or carry out other suspicious activities.

Two weeks after the Sarakis were exposed as owning undeclared offshore assets in violation of Nigeria’s code of conduct regulations, detectives from that country’s FIU asked Mossack Fonseca to furnish them with all documents relating to Sandon Developments Ltd, a firm registered in Seychelles under Toyin Saraki’s name.

Mossack Fonseca responded to the request on April 29, 2018, by forwarding a link to the PREMIUM TIMES article on the Panama Papers as well as all documents relating to Sandon Ltd, including international passports and business activities.

The status of the investigation, however remained unclear as there is no record of any update about it since Mossack Fonseca responded to the authorities’ requests at the end of April 2016.

Mrs Saraki registered Sandon Ltd in 2011 and used it to buy a family property at #8 Whittaker Street, Belgravia, London SW1W 8JQ.

Mr Saraki denied links to the offshore assets in 2016, saying they belonged to his wife’s family. But information obtained by PREMIUM TIMES at the time indicated that the Senate President merely used his wife as a front, and Seychelles authorities also found the denial unconvincing.

The revelations were amongst the findings of a lengthy investigation by the International Consortium of Investigative Journalists, German newspaper Süddeutsche Zeitung and more than 100 other global news organizations – including PREMIUM TIMES.

Politics

Nigerian Air Force adds 34 Italian planes, helicopters

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Nigeria’s air force is acquiring 24 Italian-made M-346 attack jets and ten AW-109 Trekker helicopters as part of a fleet renewal strategy, a spokesperson said on Monday.

Air Force spokesperson, Olusola Akinboyewa, said in a statement that a team led by Nigeria’s Chief of the Air Staff Air Marshal Hasan Abubakar met with executives from Italy’s Leonardo S.p.A, the manufacturer, in Rome who confirmed the first three M-346 aircraft were expected to be delivered by early 2025, with subsequent deliveries running until mid-2026.

The Trekker helicopters are expected by early 2026, Akinboyewa said.

“The M-346 and Trekker acquisitions are key steps towards fleet renewal,” Abubakar was cited as saying, emphasizing the need for a maintenance hub in Nigeria to provide long-term support, particularly for the M-346 fleet.

Nigeria, which has been fighting a 15-year Islamist insurgency against Boko Haram and the Islamic State West Africa Province (ISWAP) in the northeast, as well as attacks by armed bandits in the northwest, has increased military spending in recent years.

Nigeria received two “Huey” helicopters in June to go with the two Trekkers it had previously purchased and the twelve American-built A-29 Super Tucano light attack jets it had been given in 2021 to combat rebels.

Wing Loong II drones manufactured in China are still awaiting delivery.

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Cameroon prohibits discussing 91-year-old President Biya’s health

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In response to growing suspicion that 91-year-old President Paul Biya was ill, Cameroon has banned any talk regarding Biya’s health, according to a letter released by the interior ministry.

The reports that the president had been unwell were brushed off as “pure fantasy” by the administration, which released comments earlier this week stating that he was in good condition and on a private visit to Geneva.

Paul Atanga Nji, the interior minister, stated that talking about the president’s health was a matter of national security in a letter to regional governors dated October 9.

“Therefore, it is strictly forbidden to have any discussion about the president’s condition in the media going forward.” The whole weight of the law would be applied to offenders, Nji stated.

He gave the governors orders to form teams to keep an eye on social media and private media broadcasts.

If Biya passed away or was too sick to hold office, the oil- and cocoa-producing nation of Cameroon—which has only had two presidents since gaining independence from France and Britain in the early 1960s—would probably be faced with a difficult succession situation.

The National Communication Council, Cameroon’s media regulator, could not be reached for comment at this time. Many criticised the action as an example of state censorship.

“The president is elected by Cameroonians and it’s just normal that they worry about his whereabouts,” said Hycenth Chia, a Yaounde-based journalist and talk show host on privately owned television Canal2 International.

“We see liberal discussions on the health of Joe Biden and other world leaders, but here it is a taboo,” he told Reuters.

Committee to Protect Journalists, an advocacy group for press freedom, expressed its deep concern.

“Trying to hide behind national security on such a major issue of national importance is outrageous,” said Angela Quintal, head of the CPJ’s Africa Program.

Since early September, when Biya attended a China-Africa summit in Beijing, she has not been sighted in public. His absence at a summit in France last weekend, which was scheduled, fuelled even more public speculation about his health.

President Biya is one of several long-serving African leaders, including Yoweri Museveni of Uganda, who has been in office since 1982, and Teodoro Obiang Nguema Mbasogo of Equatorial Guinea, Rwanda’s Paul Kagame is also gradually evolving into the group.

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